Word: lende
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Main Street has paid a price for the ultra-low interest rates the Fed has kept in place to encourage banks to lend and to keep commerce flowing. Cheap money is nice for lenders and borrowers - but it's devastating for savers, especially for retirees who use interest income to supplement Social Security. If you had $500,000 stashed away - not a bad nest egg - you could earn a no-risk $20,000 to $25,000 annually (before taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average...
...Levitt has spent his career looking for narrow subjects that lend themselves to empirical testing. His standard line is that he's not smart enough for macro. But he's been smart enough to avoid it - and to win, in 2003, the John Bates Clark Medal, an award for the top under-40 American economist that is often the precursor to a Nobel (no, he's not really a "rogue economist"). His work also caught writer Dubner's attention, which led to the 2003 article in the New York Times Magazine that spawned Freakonomics...
...workaholic husband (Anthony Edwards) and her pregnant, sex-deprived best friend (Minnie Driver). She may be grouchy and stretched thin, but she is stubborn and passionate, and she can pull off long, old-maid dresses better than anyone except perhaps a pregnant Heidi Klum. Dieckmann is wise to lend the character both autonomous ambitions and myriad whims; Eliza comes to represent every mother who has dreamt of driving right past the exit on the way home—except she’s bolder because she actually does...
...says. Semele’s ambition and her desire to contend with Jupiter as an equal can be likened to the women’s movement of the 1970s, he suggests. And though this is not the focus of the performance, it is certainly an underlying theme that helps lend the opera some contemporary relevance...
...have cases of corruption, but Grameen Bank now has 28,000 staff, 8 million borrowers and 2,600 branches. We lend out over $100 million each month and have a similar amount coming back. It's very easy to put money in your pocket. But the amazing thing is that cases of corruption are so rare...